The price has been heavily rejecting the crucial $40k area of support. As it can be inferred from the graphical illustration, the price has formed a nice double bottom on the same zone of support, and the recent bullish candles area pretty powerful, indicating buyers' dominance. If we draw a long descending trendline form the ATH, we can observe that the price has broken out of it and is now ready to fly like a rocket. If the price manages to break and retest the $45.7k area of resistance, we can expect a push into the $52k area.
What do you think, family? Can the price keep pushing to the upside or bearish moves are not over yet?
What do you think, family? Can the price keep pushing to the upside or bearish moves are not over yet?